CEO of $2.7 billion firm to retire

TAMPA — John Ramil, president and CEO of TECO Energy, will retire on Aug. 31 after a 40-year career with the company.

The retirement will come after the company's deal to be purchased by Nova Scotia-based Emera Inc. closes, a statement says. Emera purchased TECO Energy, which reported $2.74 billion in revenue last year, in September 2015 for $10.4 billion.

Ramil joined TECO in March 1976 as a cooperative education student, the statement says. He became president in 2004, a board member in 2008 and CEO in 2010. After the transaction closes, Ramil will serve on Emera's board, according to the statement.

In addition to his executive role with TECO, Ramil is on the boards of Moffitt Cancer Center Institute, GuideWell Mutual Holding Corp. and its subsidiary, Florida Blue, Edison Electric Institute and the Tampa Bay Partnership. He previously served as chairman of the Greater Tampa Chamber of Commerce and the Tampa Hillsborough Economic Development Corp.